HomeMy WebLinkAbout010 - 01/17/2023 - APPROPRIATING PRIOR YEAR RESERVES IN THE GENERAL FUND FOR THE START UP PHASE OF THE RENTAL HOUSING PNo Action Taken
(Postponed Indefinitely)
01/17/2023
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ORDINANCE NO. 010, 2023
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING PRIOR YEAR RESERVES IN THE GENERAL FUND FOR THE START
UP PHASE OF THE RENTAL HOUSING PROGRAM
WHEREAS, in August 2022, the City Council directed staff to develop a rental housing
program that includes mandatory registration of rental properties and proactive inspections to
ensure that rental housing is healthy and safe; and
WHEREAS, staff conducted a detailed fee analysis with the intent of making the rental
housing program self-sustaining if approved by City Council; and
WHEREAS, the initiation of the program will require an initial outlay of funds to hire
additional staff, purchase software and conduct program activities; and
WHEREAS, on December 1, 2022, staff presented to the Council Finance Committee a
request for appropriation in the amount of $1,600,000 over the period of two years from the
General Fund for the rental registration and inspection program start-up phase, which two of the
three Committee members supported; and
WHEREAS, the amount requested for 2023 is $750,000; and
WHEREAS, this appropriation benefits the public health, safety and welfare of the
residents of Fort Collins and serves the public purpose of ensuring safe and stable housing that
allows individuals, families and communities to thrive; and
WHEREAS, Article V, Section 9 of the City Charter permits the City Council, upon the
recommendation of the City Manager, to make supplemental appropriations by ordinance at any
time during the fiscal year such funds for expenditure as may be available from reserves
accumulated in prior years, notwithstanding that such reserves were not previously appropriated;
and
WHEREAS, the City Manager has recommended the appropriation described herein and
determined that this appropriation is available and previously unappropriated from the General
Fund and will not cause the total amount appropriated in the General Fund to exceed the current
estimate of actual and anticipated revenues and all other funds to be received in this Fund during
this fiscal year; and
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT
COLLINS as follows:
Section 1. That the City Council hereby makes and adopts the determinations and
findings contained in the recitals set forth above.
No Action Taken
(Postponed Indefinitely)
01/17/2023
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Section 2. That there is hereby appropriated from prior year reserves in the General
Fund the sum of SEVEN HUNDRED FIFTY THOUSAND DOLLARS ($750,000) to be expended
in the General Fund for the Start Up Phase of the Rental Housing Program.
Introduced, considered favorably on first reading, and ordered published this 17th day of
January, 2023, and to be presented for final passage on the 7th day of February, 2023.
Mayor
ATTEST:
City Clerk
Passed and adopted on final reading this 7th day of February, 2023.
Mayor
ATTEST:
City Clerk